Equipment Rentals borrows money on a nonrecourse basis to fund its purchases of construction equipment....
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Finance
Equipment Rentals borrows money on a nonrecourse basis to fund its purchases of construction equipment. This equipment is then leased to contractors. The leases are classified as tax-oriented leases. Which one of the following terms best describes one of these leases?
Multiple Choice
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Leveraged lease
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Sale and leaseback arrangement
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Single-investor lease
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Perpetual lease
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Straight lease
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